GDO 0.00% 30.0¢ gold one international limited

re: Ann: Media Release - Quarterly Activities... The only part...

  1. 539 Posts.
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    re: Ann: Media Release - Quarterly Activities... The only part of your post that makes sense is
    ?The market is a strange and sometimes illogical place.?

    I?m not buying the angle that giving away our cash is a good idea. If you do, maybe you need to slow down on whatever you?re taking.

    The outcome is simple,
    - GDO loses 12M o/z
    - GDO loses 4m a year in earnings
    - GDO loses 80m effective mkt cap
    (based on PE-20)
    - GDO loses a cash producing key asset, megamine
    - GDO loses time, money and focus with M&A
    - GDO gains near bankrupt explorer
    - GDO gains ?hope? disguised as dusty EL?s

    You still think this is the best deal we could cut and no downside?

    You come up with,
    1) Well at least we didn?t give away ME
    2) That a company with nothing to do with the gold sector is splitting up their company, therefore it must be good idea.
    3) We get to keep 74% of what we already owned 100%.

    If you like giving away cash add more charities to your portfolio.
    Mav
 
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